The extent of influence and control over another company is a critical factor in determining the proper method of accounting for a long-term investment in the common stock of another company.

Name: The extent of influence and control over another company is a critical factor in determining the proper method of accounting for a long-term investment in the common stock of another company.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

The percentage of ownership has significant influence on the method chosen to account for the investment.

The Extent of Influence and Control Over Another Company Is